"Musk owns a substantial 43% stake in SpaceX, which just this last week announced it had launched its 10,000th satellite into low-earth orbit. This valuation means his SpaceX holdings exceed the combined wealth of several prominent figures, including Jeff Bezos, Warren Buffett, and Bill Gates."
"Despite Tesla's stock decline, the increase in SpaceX's valuation has more than offset those losses. Over the past year, SpaceX's valuation has surged from $800 billion, significantly boosting Musk's net worth."
"Musk was able to retain such a large stake because he funded SpaceX largely with his own capital. In contrast, his Tesla holdings are significantly smaller, representing about 12% of the company and valued at roughly $150 billion."
Elon Musk's net worth continues to grow, primarily driven by his 43% stake in SpaceX, valued at $1.25 trillion. Despite Tesla shares declining by 18%, Musk's SpaceX holdings are worth over $500 billion, surpassing the wealth of notable figures like Jeff Bezos and Warren Buffett. Musk's Tesla ownership is significantly smaller, valued at around $150 billion. SpaceX's valuation has surged from $800 billion in the past year, and a potential IPO could further increase Musk's wealth, bringing him closer to becoming a trillionaire.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]